Oil prices rose on Wednesday as supply concerns are resurfacing while peace talks ending Russia's invasion of Ukraine are likely to take longer, leaving in place sanctions on Russian crude and raising the chance of further restrictions on its buyers.

After a meeting at the White House on Monday, the French president said that if there is no progress in talks, Russia should be hit with more sanctions.

Russia has occupied a fifth of Ukrainian territory - and a big map showing the area shaded in red was put up in the Oval Office as if to emphasise that point for President Donald Trump's talks with Volodymyr Zelensky on Monday.

I just want to end it. I want to end it. You know, we're not losing American lives. We're not losing American soldiers. We're losing Russian and Ukrainian, mostly soldiers. Some people, as missiles hit wrong spots or get lobbed into cities like Kiev and towns.

Finnish President Alexander Stubb, who has bonded with President Donald Trump over golf, gave NBC News an inside look at the White House meeting on Ukraine.

Following Monday's meetings, President Trump said he called Vladimir Putin and has begun arrangements for a meeting "at a location to be determined" between the Russian president